November saw a significant 206% decline in Louisiana mobile sports betting attributable to Mattress Mack
Louisiana's mobile sports betting revenue was negative at -$27.6 million, down 206% month over month. This is said to be the result of Jim "Mattress Mack" McIngvale's record-breaking $75 million wagering victory on the NBA World Series.
$10 million was bet by Mattress Mack on the Houston Astros, who beat the odds to win the World Series.
He used many sportsbooks, including Unibet, Betfred, and Caesars, to place his wagers. In actuality, he wagered $3 million with Caesars in a single wager.
What can we say, Caesars Digital COO Ken Fuchs stated after his victory? We just sent Mattress Mack the $30,000,000 largest cheque in sports betting history.
In addition, Mattress Mack's $5 million payoff from Betfred was the largest payout the book has ever made in its 50-year corporate history.
The earnings from mobile sports betting would have been $47.4 million had Mattress Mack not received the large settlement. Therefore, it is evident that Mattress Mack's significant wager significantly impacted the state's overall performance.
The Pelican state's retail sports betting income also experienced a sharp decline, falling 54% from October to $2m.
The situation at Louisiana's casinos was better, with the Caesar's Harrah's in New Orleans producing $23.3 million, up 84% month over month.
Without this huge contribution, November income in Louisiana would have decreased by 20% from October to November.
Currently, the state's casinos brought in $218.4 million for November, a 15% monthly decline.
The Boyd's Treasure Chest store in the state had the poorest month-over-month numbers, dropping 25% from October.
In actuality, the Golden Nugget was the sole establishment supporting Harrah's with positive income, bringing in $26.7m, up 9% monthly.